tag:blogger.com,1999:blog-8431368106238433082.comments2009-12-08T15:42:21.687-05:00financial executives bloghttp://www.blogger.com/profile/11084436965192606339noreply@blogger.comBlogger246125tag:blogger.com,1999:blog-8431368106238433082.post-22248411089783589332009-12-08T15:42:21.687-05:002009-12-08T15:42:21.687-05:00Edith, in an effort to further clarify why I believe that a conceptual framework approach to addressing private company financial reporting standards is appropriate, I provided an explanation of this view to my colleagues on FEI’s Committee on Private Company - Standards. This explanation can be found at this link: http://www.financialexecutives.org/eweb/dynamicpage.aspx?site=_fei&amp;webcode=fnr_detail&amp;key=4131203e-481f-4254-baf1-47fc4eeb5f02Andy Throwerhttp://www.linkedin.com/profile?viewProfile&key=33059565&locale=en_US&trk=tab_pronoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-13312205615621346042009-12-07T17:36:58.440-05:002009-12-07T17:36:58.440-05:00Really good post today. Yes, I&#39;m working on my definitive essay, evaluating both sides. I&#39;m sending you a private tweetprofalbrechthttp://profalbrecht.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-37004875144450796542009-12-07T00:25:41.991-05:002009-12-07T00:25:41.991-05:00please visit my blog @ iamaccountant.com<br /><br />I am currently starting this blog and wants to have comments with my fellow accountants..Accountanthttps://iamaccountant.comnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-28570513789410604692009-12-03T04:51:22.063-05:002009-12-03T04:51:22.063-05:00First of all. Thanks very much for your useful post. I just came across your blog and wanted to drop you a note telling you how impressed I was with the information you have posted here. Please let me introduce you some info related to this post and I hope that it is useful for community.<a href="http://www.businesscapitalloans.com" rel="nofollow">business loans</a>business loanshttp://www.businesscapitalloans.comnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-60587419616024474532009-12-01T23:50:06.291-05:002009-12-01T23:50:06.291-05:00Nice information about FASB Adds project , this very helpful for financial needed and <a href="http://www.interchangefx.co.uk" rel="dofollow" rel="nofollow">Foreign Currency</a>Muhammad Mubeen Atifhttp://www.blogger.com/profile/06461710811937216202noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-16192774432878663602009-11-30T10:57:31.897-05:002009-11-30T10:57:31.897-05:00I agree, unsurprisingly, that accounting is important as the field is my livelihood and expertise. Decision usefulness is crucial, as is the old &quot;true and fair view&quot; notion. The &quot;unvarnished truth&quot; idea always makes me uneasy as it implies a level of precision not inherent in the concepts or mechanics of accounting, but the true and fair view should be as unvarnished as possible. I appreciated fair value and believe it has its uses, but it does not work well in illiquid markets and credit crises, as we have re-confirmed. Fixed asset values are not usually at fair value for precisely this reason. I still prefer cash flow evaluated measures - &quot;follow the money&quot;, as the combination of earnings power and its conversion to cash flow is the critical measure of life for an entity.<br /><br />Accounting by itself will not tell an investor everthing they need to know, any more that a blood test and blood pressure will tell a doctor everything, but accounting should perform the function of vital signs indicator.<br /><br />Political intervention is least desirable, as the objective of politics is power and re-election, with far less of an emphasis on either decision utility or a true and fair view.<br /><br />Barrett Peterson, CPABarrett Petersonhttp://www.linkedin.com/in/barrettpetersonnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-15254648053388373762009-11-27T18:02:28.387-05:002009-11-27T18:02:28.387-05:00There is no PDF version of the IFRS 9 at present but IASB has posted a pdf for the exposure draft and a summary of final decisions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-52267805473193710942009-11-21T16:26:38.391-05:002009-11-21T16:26:38.391-05:00Who knows where to download XRumer 5.0 Palladium? <br />Help, please. All recommend this program to effectively advertise on the Internet, this is the best program!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-87805686955092851032009-11-19T13:42:29.624-05:002009-11-19T13:42:29.624-05:00By looking at the post and the points(milestones) of the agenda are really demanding at present time. Hopefully we shall get something positive out of this.Bank CD Rateshttp://www.bankcdratesonline.comnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-56929956985483160562009-11-17T11:00:11.302-05:002009-11-17T11:00:11.302-05:00Nice story as for me. It would be great to read more about that matter.<br />BTW check the design I&#39;ve made myself <a href="http://www.admirableescorts.com/" rel="nofollow">Female escorts</a>123 123http://www.blogger.com/profile/09096049486330095076noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-65539670387023928422009-11-14T11:09:08.079-05:002009-11-14T11:09:08.079-05:00Cool post as for me. I&#39;d like to read something more concerning that topic.<br />BTW check the design I&#39;ve made myself <a href="http://www.admirableescorts.com/young_escorts_london.html" rel="nofollow">Young escort</a>123 123http://www.blogger.com/profile/09096049486330095076noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-38759953823946946942009-11-14T11:09:04.531-05:002009-11-14T11:09:04.531-05:00Nice post as for me. It would be great to read a bit more about this topic.<br />BTW look at the design I&#39;ve made myself <a href="http://www.admirableescorts.com/russian_escorts_london.html" rel="nofollow">Russian escort</a>123 123http://www.blogger.com/profile/09096049486330095076noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-79989188904697380042009-11-13T13:59:04.128-05:002009-11-13T13:59:04.128-05:00Complying with SoX 404 is already pretty much voluntary. You can simply report that you have material weaknesses over your financial reporting due to financial constraints and incur no costs.<br /><br />Now these companies will be allowed to do that and not inform investors that their investment is less controlled than a equivalent company that has such internal controls built into their processes.dvogel001http://www.blogger.com/profile/00342609166076946387noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-66161931109579348282009-11-13T13:46:41.608-05:002009-11-13T13:46:41.608-05:00I already got a phone call from a small company that is not going to do anything because of the threat of no 404b compliance in the ammendment.<br /><br />If there is no audit, then companies will not implement internal controls on their own and leave themselves in a 2nd class position with their peers.<br /><br />In the end this will make these companies 2nd class public companies with less ability to raise capital. Bad move. <br /><br />Sarbanes-Oxley compliance does not need to be costly, these studies are not accurate because companies throw all sorts of unrelated costs into them in order to deflect other cost overruns.dvogel001http://www.blogger.com/profile/00342609166076946387noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-75050604721939152472009-11-13T04:15:33.404-05:002009-11-13T04:15:33.404-05:00Some have the PDF version of IFRS 9. If yes, please can you upload it on the blog. ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-86105452431279959752009-11-11T17:23:10.646-05:002009-11-11T17:23:10.646-05:00Seems pretty broke today, so I would be supportive of a change.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-21850477124481011702009-11-11T06:37:53.069-05:002009-11-11T06:37:53.069-05:00No Prescription medication Pharmacy. Order Generic Medication In own Pharmacy. 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Cheapest drugs pharmacyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-15435537628969046782009-11-06T10:26:38.058-05:002009-11-06T10:26:38.058-05:00great info...<br /><br />thanks bos...!!<br /><br /><a href="http://www.financeholic.info" rel="dofollow" rel="nofollow">Personal Finance Budgeting</a>syboo @ FinanceHolic.Infohttp://www.financeholic.infonoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-27737589004668123022009-11-06T10:24:18.670-05:002009-11-06T10:24:18.670-05:00congratulations!<br /><br />hope we can more success in the future :)<br /><br /><br /><a href="http://www.financeholic.info" rel="dofollow" rel="nofollow">Personal Finance Budgeting</a>syboo @ FinanceHolic.Infohttp://www.financeholic.infonoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-83220464984428720142009-11-05T13:55:40.332-05:002009-11-05T13:55:40.332-05:00Sarbanes Oxley 404a and b were a costly and unnecessary solution to the problem. It has driven business away from our stock exchanges and ingnores the fact that the huge frauds at the time were at the top of the companies like Enron, Adelphia, MCI, Health South etc. These are resolved by making the chief executive, CFO and key people in the organization sign certifications that they know and approve of their financials.<br /><br />Repeal the whole internal control section except to say that companies are expected to have controls!!!<br />Tony DiGirolamoTony DiGirolamohttp://www.blogger.com/profile/15858434739869184109noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-75624755586291606742009-11-04T11:07:54.611-05:002009-11-04T11:07:54.611-05:00I have some game. My point was not to support a dumbing down, I am merely pointing out that will be consequence. This will in return result in a lower cost of financial reporting, because companies will have a broad range of ways to get to an answer, and the auditors will have to simply say: &#39;looks reasonable to us&#39;. On the other hand, I pointed out the VIE matter as other extreme, to the point where I am embarrassed to be an accountant. With respect to fair value, that is such a subjective area, I don&#39;t think it matters if standard setters try to dumb it down or not because fair value by definition varies depending on perspectives that will be unique to those that need to make such judgment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-65259117003835117392009-11-04T06:52:57.324-05:002009-11-04T06:52:57.324-05:00Actually informative for the programmer which predict different ideas.shopping carthttp://www.artologics.com/noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-4200490751103516492009-10-30T22:04:44.458-04:002009-10-30T22:04:44.458-04:00Anonymous 6:16 pm,<br />Thank you for your comment.<br />You sound like you speak from a background of practical application; I am curious what your thoughts are as to whether a broader application of fair value reporting (currently contemplated as part of the upcoming &#39;simplification&#39; of financial instruments accounting)- if that would result in a &#39;dumbing down&#39; or true simplification, which you recommend.Edith Orensteinhttp://www.blogger.com/profile/13119281392433443408noreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-3002025406031592862009-10-29T18:16:24.879-04:002009-10-29T18:16:24.879-04:00Non-accountants (and thankfully they run the companies) generally look at this hand-wringing as yet another classic moment of validating why accountants are accountants. Firstly, adoption without convergence is a train-wreck and everyone sees this that takes time to think rather than trying to make this a jobs program. Sound bites that we (the US) will stand alone or be the tall moose in the forest might sound trendy, but they are off base and misleading. But more importantly, what really matters is the cost of financial reporting. In my view, getting to a single standard scenario (only through acheiving an orderly convergence) will lower the cost, because the single standard will necessarily be conceptual based to accomodate the global scale. This in turn will provide companies great lattitude in how to apply the concepts, which means lower cost because auditors can rubber stamp the outputs as long as judgments are deemed &#39;reasonable&#39;, and the level of accountants can be dumbed down because the FASB rules (like they are today) which are overly complicated, will be no longer. Exhibit A for crazy FASB concerns the long, sad and complicated saga concerning variable interest entities. FIN46, then FIN46R and now FAS167 (or whatever the codification calls it now) is an embarrassment to the profession, IMHO.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-49531283466731568362009-10-28T14:20:17.891-04:002009-10-28T14:20:17.891-04:00ETF Trading : Your Guide for etf trading, etf trading courses &amp; etf trading system, free etf newsletter,etf trading signals &amp; strategies to build financial wealth and long term security. Click here to learn moreEtf Tradinghttp://www.etftradinginsight.com/noreply@blogger.com